403(b) Service & Analysis Plans

403(b) Plan is a U.S. tax-advantaged retirement savings plan available for public education organizations, some non-profit employers.

Employee salary deferrals into a 403(b) plan are made before income tax is paid and allowed to grow tax-deferred until the money is taxed as income when withdrawn from the plan.

403(b) Plans are also referred to as a tax-sheltered annuity although since 1974 they no longer are restricted to an annuity form and participants can also invest in mutual funds.